Why 'Boring' Legal Skills Are Anything But
06 Dec, 20245 minutes⚖️ Why "Boring" Legal Skills Matter More Than Ever
Contracts, compliance, data protection – these are not words that get people excited. Let’s be honest, legal work can sometimes feel as thrilling as alphabetising a filing cabinet.
But in today’s fast-paced world of ever-changing regulations and constant cyber threats, these so-called “boring” legal skills are quickly becoming the most critical assets an in-house lawyer can have.
Think compliance is dull? Tell that to British Airways, which was fined £20 million for data protection failures after a breach in 2018. Or take GDPR – businesses have been fined nearly 1 billion Euros for violations since it came into effect. Suddenly, mastering compliance doesn’t seem quite so dull!
Contracts might seem tedious, but a poorly drafted one leaves companies exposed to costly litigation. Take Rogers Communications, a Canadian cable TV company that lost 1 million dollars due to a punctuation error that left a key paragraph open to interpretation. Understanding the fine print could save businesses millions.
So, getting into the nitty-gritty of these "boring" skills isn’t just about avoiding penalties. It’s about protecting the company’s reputation, finances, and future. And there’s a lot of demand for lawyers who have these skills.
Got any legal skills you've mastered that often go under the radar? 👀
Share them below! ⬇️